Geoffrey

Update on Geoffrey

Geoffrey is 28 years old. He is married to Beatrice, and together they are blessed with two children. Geoffrey resells household items like blankets, glasses, carpets, etc. He has been in this business for 11 years now and gets a monthly income of 17,000 shillings.

This will be Geoffrey's second loan with KADET LTD. He plans to use the entire loan to buy stock of blankets, carpet, thermos and other items in bulk for reselling during this season.

Geoffrey desires to educate his children in the future.

Previous Loan Details

Geoffrey is a man of twenty-seven years, married to Beatrice and a father of one child. He sells household items and blankets. He has been in this business for ten years now and gets a monthly income of sixteen thousand shillings.
This will be Geoffrey's first loan with KADET LTD, with which he…
More from Geoffrey's previous loan »

Additional Information

About VisionFund Kenya

VisionFund Kenya is dedicated to economically empowering its clients by providing financial services to improve living conditions of micro-entrepreneurs and their children across Kenya. VisionFund Kenya is the microfinance subsidiary of World Vision Kenya. Obtain more information on VisionFund Kenya from its website.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.